Ninjastic
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Board Speculation
Re: Could Greece bankruptcy fuel the next Bitcoin rally?
by
Bit_Happy
on 09/05/2015, 16:36:03 UTC
Quote from: BTCat on May 09, 2015, 03:01:43 PM
It happened all before with Cyprus in 2013:

Shares of the cyber-currency bitcoin have surged in the past week as investors seek safe havens following the unprecedented bailout of Cyprus' banks.

http://money.cnn.com/2013/03/28/investing/bitcoin-cyprus/

And today:

Schaeuble Warns Defaults Can Surprise Before Greece Test

“Experience elsewhere in the world has shown that a country can suddenly become unable to pay its bills,” Schaeuble said in an interview with Frankfurter Allgemeine Sonntagszeitung published Saturday.

http://www.bloomberg.com/news/articles/2015-05-09/greece-huddles-with-creditors-ahead-of-ecb-test-as-support-slips

The answer is YES:
Almost anything "could" happen and Bitcoin is primed for a huge rally with all the investor money pouring into related companies.
The pessimism in this thread (and 'all over' the forum) is actually a clear sign that the market is ready to go much higher:
Contrarian investing = "In finance, a contrarian is one who attempts to profit by investing in a manner that differs from the conventional wisdom, when the consensus opinion appears to be wrong."
http://en.wikipedia.org/wiki/Contrarian_investing